July 27, 2012

The Morning Wrap

Olympic Spirit: Mitt Romney questioned the readiness of London to play host to the Olympic games and was quickly rebuked by Prime Minister David Cameron. The Washington Postreports that Romney said it is "hard to know just how well it will turn out."

Take Two: A new proposed bankruptcy settlement for Dewey & LeBoeuf would have firm leaders kicking in more money since they were in a position to presumably prevent the firm's collapse. Am Law Daily reports.

Patent War: It appears as if Apple and Samsung will take their patent battles to court next week in California. Bloomberg reports that jury selection starts next week.

Taxes: If all the Bush-era tax cuts expired, about 80 percent of Americans would pay more in taxes, reports NPR. As Congress debates the topic, neither Republicans nor Democrats are backing down.

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Comments

When will Romney ever learn that he has to keep his words simple so that when he has to swallow them, it won't be as hard? If he ever wins the election, and has to deal with worldwide leaders such as Cameron, it will do him a lot of good to choose his words well.